Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q4 2022 Earnings Presentation

13 slides from Lindab International Ab's earnings presentation, Feb 9, 2023

  1. Slide 1: Lindab Group Q4 and FY report 2022

    For a better climate TM Lindab Group Q4 and FY report 2022 9 February 2023 Ola Ringdahl President & CEO

  2. Slide 2: Q4 highlights

    Q4 highlights Comparison numbers exclude the divested business area Building Systems. Strong sales growth • Sales growth of 26%, mainly driven by Q4 2022 acquisitions. • Felderer and R-Vent are the main contributors Sales (SEK m) 3,223 12,366 to the acquired growth. • Highest quarterly sales ever fo

  3. Slide 3: All financial targets achieved 2022

    All financial targets achieved 2022 Growth rate (continued business from 2021) % 30 24.3 25 19.6 20 The annual growth rate should exceed 10 percent, 15 >10% 8.9 10 3.3 as a combination of organic and acquired growth. 5 0 -5.2 -5 -10 2018 2019 2020 2021 2022 Adj. EBIT % (continued business from 2021)

  4. Slide 4: Strong sales supported by acquisitions and pricing

    Strong sales supported by acquisitions and pricing Sales per quarter, SEK m SEK m Ventilation Systems SEK m Lindab Group SEK m Profile Systems Sales, SEK m Comparison numbers exclude the divested business area Building Systems.

  5. Slide 5: Profitability lower than plan in Q4

    Profitability lower than plan in Q4 Adj. EBIT per quarter and R12 months SEK m Ventilation Systems % SEK m Lindab Group % SEK m Profile Systems % Adj. EBIT, SEK m Adj. EBIT, R12 months, % Comparison numbers exclude the divested business area Building Systems.

  6. Slide 6: Solid financial position supports continued growth

    Solid financial position supports continued growth Cash flow +145% Cash flow • Cash flow from operating activities increased to SEK 527 m (215) in Q4. from operating activities 527 SEK m +0.6 • The change in working capital was mainly related to less capital tied up in stock. Net debt / EBITDA 1.6 •

  7. Slide 7: Increased dividend

    Increased dividend • Dividend policy of at least 40% SEK per of net profit. share • Strong net profit and a solid Dividend financial position. • Board of Directors proposes a dividend of SEK 5.20 (4.00), a 30% increase 7

  8. Slide 8: Building a stronger Lindab

    Building a stronger Lindab 8

  9. Slide 9: Acquisitions of high-quality companies

    Acquisitions of high-quality companies Thor Duct Acquisitions 2020-2021 • 8 acquisitions in 2022 and 17 acquisitions since 2020. SEK 15 m Acquisitons 2022 Annual revenue at time of the • Total annualized sales of acquisition DiSYS Ekovent SEK 18 m SEK 130 m SEK 1,900 m added in 2022. Kami SEK 100 m

  10. Slide 10: Investments to increase efficiency, capacity and safety

    Investments to increase efficiency, capacity and safety • SEK 359 m (395) invested in 2022, with attractive payback. • The current investment program will continue until 2025. • Focus on increased automation, expansion of capacity and improved safety. • Investment in renewable energy for Lindab’s pr

  11. Slide 11: For a better climate

    For a better climate • Increased demand for energy-efficient ventilation systems when energy prices rise. • High energy prices should increase the pace of the renovation wave in EU and the implementation of EU’s Green Deal. • Commitment to Science Based Targets initiative to contribute to reduced em

  12. Slide 12: Outlook & Priorities

    Outlook & Priorities Market outlook • The market trends during the second half of 2022 are estimated to continue during the beginning of 2023. • The ventilation market is expected to be less affected than the market for building products. • Medium and long-term demand for healthy indoor environments

  13. Slide 13: Thank you! Questions?

    ©lLindab’ Thank you! Questions?

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